Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in shares of Nasdaq Inc (NASDAQ:NDAQ) by 5.7% during the first quarter, Holdings Channel reports. The firm owned 24,642 shares of the financial services provider’s stock after selling 1,492 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Nasdaq were worth $1,711,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Nasdaq by 9.4% in the fourth quarter. State Street Corp now owns 5,275,896 shares of the financial services provider’s stock worth $354,120,000 after buying an additional 451,446 shares during the period. AQR Capital Management LLC boosted its stake in shares of Nasdaq by 4.0% in the fourth quarter. AQR Capital Management LLC now owns 2,300,215 shares of the financial services provider’s stock worth $154,390,000 after buying an additional 88,277 shares during the period. Bessemer Group Inc. boosted its stake in shares of Nasdaq by 2.4% in the fourth quarter. Bessemer Group Inc. now owns 1,545,785 shares of the financial services provider’s stock worth $103,752,000 after buying an additional 36,075 shares during the period. Norges Bank bought a new stake in shares of Nasdaq during the fourth quarter worth approximately $99,066,000. Finally, Janus Capital Management LLC boosted its stake in shares of Nasdaq by 0.6% in the fourth quarter. Janus Capital Management LLC now owns 1,443,073 shares of the financial services provider’s stock worth $96,860,000 after buying an additional 8,393 shares during the period. 73.64% of the stock is owned by institutional investors.
Shares of Nasdaq Inc (NASDAQ:NDAQ) opened at 67.67 on Thursday. Nasdaq Inc has a 52-week low of $61.19 and a 52-week high of $72.52. The firm has a market cap of $11.18 billion, a P/E ratio of 78.87 and a beta of 0.89. The company has a 50 day moving average price of $68.38 and a 200-day moving average price of $68.42.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.05. Nasdaq had a net margin of 2.94% and a return on equity of 10.99%. The business had revenue of $583 million for the quarter, compared to analysts’ expectations of $593.46 million. During the same quarter last year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts expect that Nasdaq Inc will post $4.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a $0.38 dividend. This is a boost from Nasdaq’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.52 annualized dividend and a yield of 2.25%. Nasdaq’s dividend payout ratio (DPR) is presently 206.45%.
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NDAQ has been the subject of a number of analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $77.00 price objective (down from $79.00) on shares of Nasdaq in a research note on Monday, May 15th. Royal Bank of Canada lifted their target price on Nasdaq from $70.00 to $74.00 and gave the stock a “sector perform” rating in a report on Thursday, April 27th. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Evercore ISI reiterated an “in-line” rating and set a $74.00 target price on shares of Nasdaq in a report on Friday, April 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $68.00 target price on shares of Nasdaq in a report on Monday, April 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $73.11.
In other Nasdaq news, Director Lars Wedenborn sold 10,000 shares of Nasdaq stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $68.38, for a total transaction of $683,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by company insiders.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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